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The Shenzhen-based company, founded by Peter Ma Mingzhe over three decades ago as a life insurer, released the news in its annual report on Tuesday. Lufax is one of the 11 technology companies under Ping An's fintech and healthtech business.

The Swedish Post and Telecoms Authority, which began a public consultation period on 5G security last October, is expected to soon announce the results of the consultation and some security amendments.

The Shanghai Stock Exchange and Japan Securities Group signed an agreement on Monday to allow cross-listing of ETF products in the bourses of both countries. Qualified institutional investors in the two countries will be allowed to set up cross-border funds to invest in the ETF products in either nation. The agreement was signed during the first Sino-Japanese capital market forum held in Shanghai on Monday.

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The Smart Industry Shanghai Initiative was also officially launched, calling for enterprises and organizations to adopt 5G technologies, construct industrial internet big data systems, and encourage machines to improve their performance through self-learning.

The Shenzhen Component Index decreased 5.31 percent, dropping to 9,414.76 points.

The Shenzhen-based company owns the largest freight fleet in China. With its nationwide and global network, SF Airlines has transported around 2 million metric tons of cargo since it began operating in 2009.

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The State Council, China's Cabinet, released a guideline on further improving the utilization of foreign investment on Thursday, with pledge to continue shortening the national and free trade zone negative lists for foreign investment and to eliminate restrictions outside the negative lists, opening up more sectors to foreign investors.

The Trump administration's "America First" policy was scrutinized by the consuls general of India, Japan, South Korea and China at an Asia Society seminar.

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The Shanghai Stock Exchange, for example, said in a statement this week that it would improve services for unicorn companies to be listed.

The Shanghai location also has some signature items, such as "fantastic" duck spring rolls, which have been a "home run", he said, and tea cakes.